When using MySQL with InnoDB storage engine user can't create the status table in it. As stated in MySQL docs, the limit for PK lengths in InnoDB and MyISAM storage engines differ, for InnoDB being 767 bytes.
There is needed varchar(50)+varchar(50)+int+varchar(256) to store the key in Teiid. This should be fine when using latin1 charset in the database, but will not work with utf-8 as there is a single character saved in 1-4 bytes.
Create table query:

create table dv_matviews_statustable (VDBName varchar(50) not null, VDBVersion integer not null, SchemaName varchar(50) not null, Name varchar(256) not null, TargetSchemaName varchar(50), TargetName varchar(256), Valid bit not null, LoadState varchar(25) not null, Cardinality bigint, Updated datetime not null, LoadNumber bigint not null, primary key (VDBName, VDBVersion, SchemaName, Name))

Error message:

Error: Specified key was too long; max key length is 767 bytes